Bitcoin falls after ETF approval; investors turn to Chainlink and NuggetRush

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

• Bitcoin demand dropping
• Crypto whales looking at Chainlink.
• NuggetRush presale draws investors

Moments after the spot Bitcoin ETF was approved in the U.S., prices tanked. Meanwhile, Lookonchain data shows heightened whale activity for Chainlink (LINK). Amid this, more investors are exploring NuggetRush (NUGX). So far, over 161 million NUGX have been sold. 

Bitcoin demand drops

On Jan. 11, the U.S. Securities and Exchange Commission (SEC) approved several spot Bitcoin ETFs. 

However, according to market research firm CryptoQuant, BTC demand appears to wane. 

You might also like: Bitcoin testing $20k range wouldn’t ‘surprise’ as ‘party sobers up,’ investor says

As a result, prices fell to as low as $39,500. Part of this retracement was due to profit-taking.

NuggetRush strengthening

The NuggetRush presale has sold over 161 million NUGX.

NuggetRush is a blockchain game using NFTs where players compete in mining tasks for financial rewards. 

It mimics an artisanal miner’s everyday routine and operates within a blockchain environment. 

You might also like: Solana losing steam as Dogecoin and NuggetRush rally after X Payments’ early success

Players assemble their mining crew and apparatus to expand their mining operations. 

The amount of gold and valuable minerals they mine determines their rewards. 

In the current stage, NUGX is available for $0.018.

Whales exploring Chainlink

According to Lookonchain data, a whale address recently bought 601,900 LINK worth $8.9 million. 

LINK was bought at an average price of $14.80. However, prices later rose to $15.90.

Closing thoughts

Investors are concerned about the recent decline of Bitcoin. Amid this, Chainlink and NuggetRush are firm. Investors are increasingly looking at NUGX, diversifying their portfolios.

Read more: Analyzing market recovery potential: NuggetRush, Solana, and Cosmos in focus

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.